Michael
Mar 26th 2010, 10:51 AM
China Leads G-20 Members in Clean Energy Finance and Investment
For the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released today by The Pew Charitable Trusts. Last year, China invested $34.6 billion in the clean energy economy — nearly double the United States’ total of $18.6 billion. Over the last five years, the United States also trailed five G-20 members (Turkey, Brazil, China, the United Kingdom, and Italy) in the rate of clean energy investment growth.
...
“The facts speak for themselves,” said Bloomberg New Energy Finance Chief Executive Michael Liebreich. “2009 clean energy investment in China totaled $34.6 billion, while in the United States it totaled $18.6 billion. China is now clearly the world leader in attracting new capital and making new investments in this area.”
...
The United States’ clean energy finance and investments lagged behind 10 G-20 members in percentage of gross domestic product. For instance, in relative terms, Spain invested five times more than the United States last year, and China and the United Kingdom three times more.
Source (http://www.pewtrusts.org/news_room_detail.aspx?id=57972)
Climate change denialism is hurting the US economy and likely will have a serious effect for a long time to come.
As it stands now, if or when the US finally gets serious about reducing greenhouse gas emissions, the market is likely to be well established and already dominated by Chinese, British, German or Spanish technology. In that kind of environment, US companies are going to have an uphill battle for market share even in the US market.
Seems odd for the US rightwing to be pushing such a strongly anti-economic policy as this one. :shrug:
For the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released today by The Pew Charitable Trusts. Last year, China invested $34.6 billion in the clean energy economy — nearly double the United States’ total of $18.6 billion. Over the last five years, the United States also trailed five G-20 members (Turkey, Brazil, China, the United Kingdom, and Italy) in the rate of clean energy investment growth.
...
“The facts speak for themselves,” said Bloomberg New Energy Finance Chief Executive Michael Liebreich. “2009 clean energy investment in China totaled $34.6 billion, while in the United States it totaled $18.6 billion. China is now clearly the world leader in attracting new capital and making new investments in this area.”
...
The United States’ clean energy finance and investments lagged behind 10 G-20 members in percentage of gross domestic product. For instance, in relative terms, Spain invested five times more than the United States last year, and China and the United Kingdom three times more.
Source (http://www.pewtrusts.org/news_room_detail.aspx?id=57972)
Climate change denialism is hurting the US economy and likely will have a serious effect for a long time to come.
As it stands now, if or when the US finally gets serious about reducing greenhouse gas emissions, the market is likely to be well established and already dominated by Chinese, British, German or Spanish technology. In that kind of environment, US companies are going to have an uphill battle for market share even in the US market.
Seems odd for the US rightwing to be pushing such a strongly anti-economic policy as this one. :shrug: